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Government of India allows aftermarket hybrid electric kits for old cars

In efforts to control pollution levels in Delhi, the government of India had recently banned diesel vehicles older than 10 years and has also banned the registration of diesel displacing over 2,000cc. In order to strengthen its cause, reports indicate that the government has now allowed owners to covert the old BS-II and BS-III compliant vehicle into electric hybrids. Initially, ... Read More »

New Hyundai Tucson India Launch Set for September

The latest iteration of the Hyundai Tucson is slated to arrive in India soon. Though the SUV has already been spotted testing here, Hyundai is gearing up to launch the premium SUV here by September-end. The new generation of the Tucson, which was showcased earlier this year at the Auto Expo 2016, will be slotted between the Creta and Santa ... Read More »

Zopo Speed 8 Deca-Core Smartphone India Launch Set for Wednesday

Chinese smartphone manufacturer Zopo, which entered the Indian market last year with the Zopo Speed 7, is set to launch the Zopo Speed 8 in the country on Wednesday. The company has sent out invites for its launch event in New Delhi. Zopo had unveiled the Speed 8 alongside the Speed 7C at MWC 2016, and it is priced at ... Read More »

Lenovo K5 Note India Launch Set for August

Lenovo is all set to launch the successor to the Vibe K4 Note smartphone, the K5 Note, in India. The Chinese company over the weekend in a tweet teased the upcoming launch. It said, “You don’t have to worry about a ‘house-full’ when you have the best seat in the house. The #KillerNote5 is coming.” While the “5 days to ... Read More »

SoftBank Agrees to Buy ARM Holdings for $31 Billion: Report

Japan’s SoftBank Group Corp is set to agree a deal to buy British chip designer ARM Holdings PLC for around $32 billion (roughly Rs. 2,14,704 crores), a source familiar with the deal said, adding an announcement could come later in the day. ARM, the most valuable tech company listed in London, is a major presence in mobile processing, with its ... Read More »

47% Of Working Indians Not Saving For Retirement: Survey

Mumbai: Even as financial security after retirement is valued more, a survey by HSBC has revealed that 47 per cent of working people in India have not started saving for their future or have stopped or faced difficulties while saving. “A large number (47 per cent) of working people in India have either not started saving for their retirement or ... Read More »

Earnings, Monsoon Session Of Parliament To Set Agenda For Markets: Experts

New Delhi: Quarterly earnings from blue chip companies such as Wipro and HDFC Bank, progress of rains and proceedings of the monsoon session of Parliament will be the key themes for the stock market during the week from July 18 to July 22, say experts. “This week, all eyes will be on the GST Bill in Parliament, next batch of Q1 earnings and progress ... Read More »

Asia Shares Steady, Softbank Said To Bid For ARM

Sydney: The U.S. dollar gained on the yen in Asia on Monday as investors unwound safe-haven trades in the wake of the failed coup in Turkey, while a giant takeover bid in the tech sector and the promise of central bank stimulus lent support to equities. The Turkish lira was quoted around 2.9675 after the dollar climbed almost 5 percent ... Read More »

Tata Group-Owned Taj Boston Hotel Sold For Rs 850 Crore

IHC, which runs the Taj group of hotels, said sale proceeds will be utilized to retire outstanding debt. New Delhi: Indian Hotels Company (IHC), a Tata Group firm, has completed sale of its Taj Boston hotel for $125 million (about Rs 839 crore). “United Overseas Holdings effected on July 12 the divestment of Taj Boston Hotel through sale of the ... Read More »

Universal Account Number Rule Relaxed For PF Settlement: Report

Retirement fund body EPFO had started allotting Universal Account Numbers in July 2014. New Delhi: The Employees’ Provident Fund Organisation (EPFO) has eased the provision that requires furnishing of Universal Account Number (UAN) for settlement of claims like PF withdrawal for all those who left membership before January 1, 2014. Retirement fund body EPFO had made it mandatory to provide ... Read More »